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IMF says U.S. ‘soft landing’ amid Ukraine war pressures entails downside risks -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The International Monetary Fund logo can be seen at the Washington headquarters, U.S.A, on September 4, 2018. REUTERS/Yuri Gripas/File Photo

WASHINGTON, (Reuters) – The Federal Reserve will have to achieve a soft landing for the U.S. in the face of new inflationary pressures triggered by Russia’s invasion Ukraine. This will require significant downside risks and be a difficult task. Gerry Rice, spokesperson for IMF said Thursday.

Rice said that the country should not make any policy changes that could worsen their situation amid food and energy shortages triggered by conflict. Rice advised that they should not hoard commodities or impose export restrictions on prices controls. He also suggested that countries avoid new trade disputes by avoiding launching trade disputes.

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